Replies to post #25315 on iShares Silver Trust (SLV)

[Bertsllc]

looks like the pump for more Q-E is on again...

MSN-Money...
5 cities where poverty is soaring

Here are five cities where residents are struggling to maintain the bare essentials.

Cities hit the hardest


Despite signs of economic recovery, the number of U.S. residents living in poverty remains stubbornly high. An average of 15.7 percent of the U.S. population lived below the poverty line during the three-year period of 2010-2012, a considerable increase from an average of 13.6 percent during the previous three-year period of 2007-2009.

According to the latest data provided by the U.S. Census Bureau, the poverty rate in more than 20 cities with populations of 25,000 or more increased by at least 10 percentage points between those two three-year periods.

Many of these cities show a symptom of the regions hit hardest by the recession — a significant decline in real estate value. Nationally, the average home value during the three-year period of 2010-2012 was down by 9% compared to the previous three-year period. In eight of the 10 cities with soaring poverty rates, property values fell by at least 10 percent. Homes in Eastpointe, Mich., near Detroit, lost nearly half of their value. In nearby Inkster, Mich., another city where poverty grew substantially, an average of 43.3 percent of homes were worth less than $50,000 between 2010 and 2012, compared to just 11.8 percent of homes during the 2007-2009 period.
http://money.msn.com/investing/5-cities-where-poverty-is-soaring

[hotrod34racer]

The main issue with a rate rise is that US debt interest will also rise IMO and that will not work so Uncle Bens helicopter will be printing in overdrive so that 30% decline will turn into a 150% rise in no time IMO

Just a theory so don't string me up if I'm wrong OK?



Cheers Buds \_/

[The GidDy uP Kid]

dollar cost averaging into Silver right now is genius IMO... Giddy Up Silver...